GLIL acquired 25% stake in UK’s M6 Toll motorway
GLIL Infrastructure has announced its acquisition of 25% stake in the UK’s M6 Toll motorway.
The transaction involves an indirect 25% interest in the M6 Toll concessionaire from a subsidiary of the IFM Global Infrastructure Fund, which has been invested in M6toll since 2017 and will continue to indirectly own 75% of M6toll.
The M6toll is a dual three-lane carriageway near Birmingham, UK, which functions as a congestion relief road for the toll-free M6, and nearby A5, A38, and A446 roads. The road primarily serves as a congestion relief road to bypass the heavily congested un-tolled M6 motorway around Birmingham.
GLIL Infrastructure is a partnership of UK pension funds that invests in Britain’s renewable energy, water and ports, trains, hospitals and schools.
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